This blog is a personal account of things happening in my life and around me

Saturday, 10 January 2009

Indian IT's poster boy falls from grace

B. Ramalinga Raju, the poster boy of Indian IT and the most known business face from Andhra Pradesh has fallen from grace. The doyen of the Indian IT industry and the leader of Satyam Computers has admitted that he is no angel, but just a conman, cheat and a liar. The man who built Satyam Computers, which is now spread over 167 countries, across six continents and has about 55,000 employees has tarnished the image of India's IT sector forever. The ramifications of this scandal are, it might have a far reaching effect on India's economic growth.